• The writing software, called Quill, was developed by Narrative Science, a Chicago company set up in 2010 to commercialize technology developed at Northwestern University that turns numerical data into a written story.
  • Narrative Science is now renting out Quill’s writing skills to financial customers such as T. Rowe Price, Credit Suisse, and USAA to write up more in-depth, lengthy reports on the performance of mutual funds that are then distributed to investors or regulators.
  • The software’s output can be impressive for software, but it can’t write without some numerical data for inspiration. It performs statistical analysis on that data, looking for significant events or trends, and it draws on knowledge about key concepts such as bankruptcy, profit, and revenue, and how such concepts are related.

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